TAMPA, Fla. -- Tampa’s rental prices are soaring, making it even more challenging for people to afford a place to live.
For a one-bedroom apartment, the median price of rent is $1,023. If you’d like a two-bedroom, the median price is $1,273, according to Apartment List.
For a one-bedroom apartment in St. Petersburg, it’s a little cheaper at $960. For a two-bedroom, the median price is 1,196. In 2018, Tampa saw the highest rent-growth rating year over year, climbing 4.6 percent, according to Apartment List.
About 150 people move into the Tampa Bay area every single day. Some of the top cities where people are coming from are Chicago, Detroit, Cincinnati, Washington, New York, Boston, Orlando and Miami, according to Apartment List’s Renter Migration Report.
To compound the availability of affordable housing, the North Boulevard Apartments, a public housing complex, closed a few years ago, forcing many residents out.
To help, a new affordable housing complex, The Haley Park Apartments, opened in the University Area shortly after. Many elderly and in-need residents were able to move in. However, there was a huge waiting list for that and limited space.
For those looking for safe and affordable neighborhoods with rents under $900/month in Hillsborough County, Carrolwood, Temple Terrace, and The Greater Northdale Area are all good options.
In Pinellas County, Redington Beach, Oldsmar, Dunedin and Indian Shores are affordable options with rents in some places at less than $900 per month.
Apartment List recommends your monthly household income be two to three times the cost of your rent to see what you you can likely afford.